Top 27 best paying jobs in major pharmaceuticals
27 Of The Best Paying Jobs In Major Pharmaceuticals [2022] — CareerCloud
The pharmaceutical industry is one of the most lucrative in the world, with well-paying jobs available to those who are qualified. Pharmaceuticals produce medication for society and conduct medical research that helps advance modern medicine.
If you want to work in the healthcare and medical industry, consider pharmaceuticals. Pharmaceuticals are a growing field and offer good pay and benefits.
If you are looking for a job in the pharmaceutical industry, start your search on ZipRecruiter. ZipRecruiter is free for job seekers and you can apply for jobs with a single click.
What Is The Pharmaceutical Industry?
The pharmaceutical industry is responsible for the development and production of medications. This industry includes research, as well as regulation by multiple government agencies.
The United States is the world’s leading drug spender, accounting for around 30 to 40 percent of the global market.
The pharmaceutical industry in the United States is dominated by a few large companies. Drugs are manufactured and then sent to wholesalers who sell them to retailers, such as pharmacies and retailers. This is where consumers purchase them from.
What Are The Requirements To Work In Pharmaceuticals?
The pharmaceutical industry is a vast and varied field, with various careers requiring different backgrounds, experience, and education. Some careers require advanced degrees in medicine and science while others are entry-level and open to beginners with little to no work experience.
Some of the positions you can find in the pharmaceutical industry include:
- Pharmacists
- Pharmaceutical sales representatives
- Researchers
- Financial analysts
Entry-level positions may pay a starting salary of $40,000 to $60,000 annually. Positions for experienced professionals can pay over six figures.
Skills Needed To Work In Major Pharmaceuticals
In general, professionals in the pharmaceutical industry need to have good soft skills.
- Excellent communication: This means you are good at expressing yourself and have strong listening skills. You can communicate well with others.
- Technical analysis: You can analyze data and information well on a technical level. You’ll be able to look at complex problems with a technical eye. This is a strong skill to have if you work in data, research, or analysis within the pharmaceutical industry.
- Leadership: Having strong leadership skills means you can lead others. You work within a team environment and have strong managerial skills, which is beneficial for management and leadership positions.
27 Of Best Paying Jobs In Major Pharmaceuticals
1. Pharmaceutical Sales Representative
Median National Salary: $62,890/year
Education Required: No degree needed
Number of Jobs: 1,625,000 in 2020
Job Growth 2020 – 2030: 5%
Job Duties:
Do you ever experience the feeling of being in a doctor’s office lobby, and seeing a professional dressed in formal attire walking in with a rolling suitcase? They usually wait for only a few minutes before entering to speak with the doctor and staff.
This person is most likely a pharmaceutical sales representative.
Pharmaceutical sales representatives are responsible for selling pharmaceutical products to medical professionals. They can communicate the benefits and features of the products, sharing and educating others about their use.
2. Medical Scientist
Median National Salary: $104,050/year
Education Required: Doctoral or medical degree
Number of Jobs: 1,625,000 in 2020
Job Growth 2020 – 2030: 5%
Job Duties:
Medical scientists conduct experiments in order to find new medicines and medical technologies. Pharmaceutical company researchers may plan, coordinate and carry out clinical trials in order to find new cures for diseases.
The job duties of a medical scientist include:
- Performing research
- Conducting experiments to discover new medicine
- Planning, coordinating, and executing new clinical trials
3. Epidemiologist
Median National Salary: $78,830/year
Education Required: Master’s degree
Number of Jobs: 7,800 in 2020
Job Growth 2020 – 2030: 30%
Job Duties:
Epidemiologists collect data in order to investigate health issues like demographic-based or population-based illness.
The job duties of an epidemiologist includes:
- Performing research
- Investigating the cause of illness, disease, and injury
4. Research Scientist
Median National Salary: $104,050/year
Education Required: Doctoral or professional degree
Number of Jobs: 1,625,000 in 2020
Job Growth 2020 – 2030: 5%
Job Duties:
Medical research scientists in the pharmaceutical industry work together to perform experiments for drug discovery. They usually work in teams, performing experiments for the benefit of mankind.
The job duties of a research scientist includes:
- Conducting research experiments
- Drug discovery and introduction to the market
5. Pharmacist
Median National Salary: $128,570/year
Education Required: Doctoral or professional degree
Number of Jobs: 322,200 in 2020
Job Growth 2020 – 2030: -2%
Job Duties:
Pharmacists provide medication to patients, answer questions, and do consultations.
The job duties of a pharmacist includes:
- Filling medication prescriptions
- Consulting patients
- Answering patient questions
6. Pharmaceutical Financial Analyst
Median National Salary: $81,410/year
Education Required: Bachelor’s degree
Number of Jobs: 492,100 in 2020
Job Growth 2020 – 2030: 6%
Job Duties:
Pharmaceutical financial analysts help leadership make decisions about the finances and money within the pharmaceutical industry. They provide information on trends, budgeting, and other financial matters. Pharmaceutical companies often turn to these analysts for guidance when making important decisions about their businesses.
The job duties of a pharmaceutical financial analyst includes:
- Reviewing and analyzing financial data
- Helping companies make financial decisions
- Research market trends and advise company leadership
7. Biomedical Engineer
Median National Salary: $97,410/year
Education Required: Bachelor’s degree
Number of Jobs: 19,300 in 2020
Job Growth 2020 – 2030: 6%
Job Duties:
Biomedical engineers use science and engineering to create computer systems, equipment, and tools in various manufacturing sectors. They work in fields like pharmaceuticals, medicine manufacturing, and scientific research.
The job duties of a biomedical engineer includes:
- Create and test equipment and tools
- Provide technical support for biomedical equipment
8. Biostatistician
Median National Salary: $96,280/year
Education Required: Master’s degree
Number of Jobs: 44,800 in 2020
Job Growth 2020 – 2030: 33%
Job Duties:
Biostatisticians are experts in the use of statistics and research methods to help understand the effects of drugs and other medical treatments. Their backgrounds in math and science make them well-equipped to answer complex questions about pharmaceuticals.
The job duties of a biostatistician include:
- Using statistics and research to answer complex questions in the pharmaceutical industry
Researching biology and medicine
9. Regulatory Specialist
A regulatory specialist is a professional who helps companies get their products approved by the government. This person provides scientists and developers with information needed to make the product meet regulatory standards.
Government agencies often consult with regulatory specialists to ensure devices and medicines are compliant with regulations and standards. This involves understanding government regulations and medicine, as well as having exceptional critical thinking skills and an understanding of how products should be labeled.
10. Consultant
In the pharmaceutical industry, consultants play an important role in helping to develop new and improved medicines and medical devices.
As a consultant, you are an expert in both technology and biology. You work with managers at biotechnology companies to provide advice on the latest trends and which treatments need to be developed. You also provide consultancy for pharma companies, informing them about which medicines and devices they need to work on.
11. Pharmacy Manager
A pharmacy manager is someone who provides leadership and organization, helps patients understand the variety of medicines available, and consults with other professionals to keep the pharmacy running smoothly.
A successful pharmacy manager needs to have a variety of skills in order to be effective. These include being able to provide leadership and organization, communicating with patients, consulting with other professionals, and maintaining inventory.
As a pharmacy manager, you are responsible for training other workers and pharmacists, maintaining schedules, informing technicians of any problems, and much more.
12. Drug Manufacturer
The primary responsibilities of a drug manufacturer include overseeing the production and distribution of various medical products and substances. This is one of the most highly paid positions in the pharmaceutical industry.
To be a successful drug manufacturer, you need to have knowledge about managing supply chains, biology and chemistry.
13. Medical science liaison
National average salary: $51,340 per year
A medical science liaison is a professional who helps educate the public, investors, and government agencies about medical devices, substances, or treatments. They conduct studies to determine how to treat medical conditions and investigate data through medical samples. They can create and test medical devices and write grant proposals to apply for federal funding. To be successful, they must be passionate about problem-solving and knowledgable about medicine and the scientific method
14. Clinical data manager
National average salary: $77,197 per year
Primary duties:
Clinical data managers are responsible for providing guidance to the teams of data analysts and researchers who gather and evaluate clinical data. They work with other data professionals to manage the data from clinical trials.
After reviewing the data, a clinical data manager may lead a team of people who explain how the new medicine performed and whether or not it met expectations. This position is typically filled by someone with strong leadership skills, math abilities, and an interest in technology.
15. Pharmaceutical outside sales representative
National average salary: $81,626 per year
Primary duties:
Outside sales representatives differ from general sales representatives in that they meet with target consumers in person. They also travel frequently to meet with vendors and medical professionals.
Representatives from pharmaceutical companies often present new medicines and applications at trade shows or attend conferences. To be successful, these professionals must be charismatic and knowledgeable about the products they are selling.
16. Biotechnology consultant
National average salary: $137,073 per year
Primary duties:
Biotechnology consultants are experts in biology and technology who can provide guidance and advice to managers at biotechnology organizations on how to develop improved medicines and medical devices.
A biotechnology consultant may identify potential problems with a patient’s health or the industry’s growth to consult with leaders on which new projects they should begin.
17. Drug Safety Scientist – Average Annual Salary: $101,000
This person is responsible for ensuring that the drug in question is safe and used safely. They are aware of different medications that can have synergistic or other adverse effects with the drug.
18. Formulation Scientist – Average Annual Salary: $83,000
Formulation scientists are not exclusive to pharmaceuticals, but that is where the majority of them are employed. This job requires in-depth knowledge of chemistry, as their job is to create chemical formulas for products.
19. Pharmacology Professor – Average Annual Salary: $94,000
This position is typically held by individuals with a doctoral degree. The job involves working with students and doing research, among other things. Depending on the college or university you work for and how long you’ve been there, your duties may also include teaching classes, getting research papers published, or both.
20. Pharmacoepidemiologist
Pharmacology is the study of how drugs work and their effects on populations. It’s known as a “pharmacoepidemiology” role because it takes into account both the effects of drugs on individuals and how those effects might be linked to population health.
21. Medical Writer – Average Annual Salary: $104,000
Medical writers require a strong understanding of medicine and its subject matter in order to create quality documents. This is a highly paid career, as the level of knowledge required as well as the writing practices in the field make for high-quality work.
22. Microbiologist – Average Annual Salary: $56,000
A microbiologist is a scientist who studies bacteria. Many drugs (antibiotics) are specifically designed to fight against bacteria, so this job is closely related to pharmaceuticals.
23. Clinical Research Coordinator – Average Annual Salary: $52,000
This job is more of a managerial role than a research one. However, in order to effectively manage a research project, you need to have an understanding of what it is you are researching.
24. Clinical Research Manager – Average Annual Salary: $90,000
Clinical research managers are responsible for the administration and conduct of clinical trials. They need to be familiar with the research being conducted so they can ensure that everything is done properly, and they may need a degree in pharmacology if the trial is focused on drugs.
25. Pharmacist Clerk – Average Annual Salary: $32,000
A pharmacist clerk is a position in a pharmacy that doesn’t require any college or pharmacology degree. They are only involved with interacting with customers and dealing with payments and appointments.
26. Toxicologist – Average Annual Salary: $74,000
A toxicologist is responsible for studying the effects of drugs, chemicals, and poisons on the body. By looking at tissue samples, they can detect any signs of these substances.
27. Staff Nurse – Average Annual Salary: $66,000
Nursing is known for having a rigorous work schedule, but a staff nurse typically works more like the forty hour week.
Can you make a lot of money in pharmaceuticals?
Pharmaceutical Field Sales Representative
Earning a median salary of around $84,000 per year, pharmaceutical field sales representatives are required to have experience in various areasEarning Money in the Pharma Industry: What to Expect | BioSpacewww.biospace.com › article › earning-money-in-the-pharma-industry-what…About Featured Snippets
What is the highest paying job in pharmaceuticals?
5 best-paying jobs in drugs and pharmaceuticals industryBiotechnology Senior Research Scientist | Median Annual Salary: $98,527.Research Scientist | Median Annual Salary: $82,452.Pharmaceutical Field Sales Representative | Median Annual Salary: $71,981.5 best-paying jobs in drugs and pharmaceuticals industrywww.monster.com › career-advice › article › 5-best-paying-jobs-drugs-pha…About Featured Snippets
Which pharma company pays highest salary?
Best-paying companies include Amazon.com, IBM and Genentech, which all pay more than $120K on average. San Jose pays its research scientists 50 percent above the national average of $75,479.5 best-paying jobs in drugs and pharmaceuticals industrywww.monster.com › career-advice › article › 5-best-paying-jobs-drugs-pha…About Featured Snippets
Top website has the answer to “best paying jobs in major pharmaceuticals” :
Featured snippet from the web11 best-paying jobs in the pharmaceutical industryPharmaceutical sales representative. … Clinical data manager. … Pharmaceutical outside sales representative. … Drug manufacturer. … Research scientist. … Pharmacy manager. … Biotechnology consultant. … Biostatistician. National average salary: $145,099 per year.More items…&bull11 Best-Paying Jobs in the Pharmaceutical Industry – Indeed
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